Roxas Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 09, 2023 at 08:41 pm EDT
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Roxas Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was PHP 1,508.56 million compared to PHP 2,593.45 million a year ago. Net loss was PHP 390.31 million compared to PHP 296.57 million a year ago. Basic loss per share from continuing operations was PHP 0.25 compared to PHP 0.19 a year ago. Diluted loss per share from continuing operations was PHP 0.25 compared to PHP 0.19 a year ago.
For the six months, sales was PHP 5,689.74 million compared to PHP 3,309.12 million a year ago. Net loss was PHP 586.25 million compared to PHP 491.49 million a year ago. Basic loss per share from continuing operations was PHP 0.38 compared to PHP 0.32 a year ago. Diluted loss per share from continuing operations was PHP 0.38 compared to PHP 0.32 a year ago.
Roxas Holdings, Inc. is a Philippines-based sugar and energy company. The Company is engaged in the integrated sugar business and ethanol production in the Philippines. The Company operates through two segments: Sugar and Alcohol. Its Sugar segment consists of two operating subsidiaries: Central Azucarera Don Pedro, Inc. (CADPI) and RHI Agri-Business Development Corporation (RABDC), which manufactures and sells raw and refined sugar, molasses and provides tolling and farm operations services. CADPI also manages and operates agricultural land and the planting and cultivation of sugar cane and other farm products. The Alcohol segment consists of one operating subsidiary, San Carlos Bioenergy, Inc. (SCBI), which manufactures and sells bioethanol fuel. SCBI operates an integrated sugar mill and bioethanol distillery complex.
ROXAS HOLDINGS, INC. 
